New Delhi, July 23: Hindustan Petroleum plans to invest over Rs 2,787 crore in raising its Mumbai and Vizag refinery capacities through de-bottlenecking and process upgradation for higher volumes and better fuel quality. De-bottlenecking of the primary and secondary processing units would result in HPCL's Mumbai refinery capacity going up to 7.9 million tonnes from 5.5 million tonnes, while the Vizag capacity would go up to 8.3 million tonnes from 7.5 million tonnes currently, an internal company paper said.
The Rs 1,152.20-crore project, which includes a foreign exchange component of Rs 178.50 crore, would maximise Mumbai refinery distillate yield and enable it to produce Euro-III specification petrol and diesel.
Currently, Mumbai refinery produces petrol and diesel meeting Euro-II standards. The project is expected to be completed in 30 months.
HPCL's Vizag refinery, which already produces part petrol and diesel of Euro-II specification, would spend Rs 1,635.10 crore for upgradation of primary/secondary units in 30 months.
Bureau Report